Director, Credit Risk Review
The Director, Retail Credit Risk Review is responsible for the third line of defense assessment of select retail lending portfolios and related Credit Review activities.
S/he oversees a team of credit review officers, as well as the planning, scheduling, and execution of asset quality assessment examinations and continuous monitoring of all retail lending units within the Santander Bank, N.
A.
organization.
This includes the assessment of overall asset quality; the quantity and direction of risk; compliance with established underwriting policies, procedures, limits, concentrations, and regulations; and the assimilation of information from portfolio monitoring activity.
The incumbent assists in the development of the Annual Plan and recommends changes to the Plan based on developing risk variables.
The Director, Retail Credit Risk Review reviews written summary reports of subordinates, prepares final review reports, and has primary responsibilities for the communication of review and continuous monitoring findings to line and senior management.
S/he is an industry expert with specialized knowledge of retail lending, including best practices for credit risk management and third line of defense assessment of new and emerging lending channels.
Responsibilities:
Assists with the development of the Annual Plan and special projects; and represent Credit Risk Review in various company projects.
Attends approval committees and participate in watch reviews, promontorios, HLT and other credit events.
Communicates verbally and non-verbally in an open and effective manner appropriate to the situation and the individual.
Completes Continuous Monitoring summaries of portfolios as assigned.
Ensures group results are effectively communicated to relevant stakeholders through management presentations and reports.
Manages a team of credit review officers so as to effectively carry out the timely execution of the examination schedule, including participation in sampling activity, reviewing summary reports.
Monitors / tests the accuracy of assigned credit risk ratings, through onsite and offsite reviews.
Potential to assist with onsite and offsite reviews as needed.
Prepares final review summary report, including synthesis of individual file review results, overall segment review findings, and determination of overall assessment scores.
Reviews analytics, continuous monitoring MIS reports and other presentations to stay abreast and ahead of the quantity, trend and direction of risk in the assigned commercial portfolios.
Requirements:
Bachelor's Degree; in Accounting, Finance, Economics, IT or equivalent field.
Master's Degree; in Accounting, Finance, Economics, IT or equivalent field.
,or equivalent work experience.
9-12 years' experience Banking experience Finance (e.
g.
CFA) certifications desired.
Ability to accept accountability, assume leadership and demonstrate initiative Ability to handle a significant and diverse workload Ability to work independently with limited supervision Analytical and problem solving skills Demonstrates strong credit analytical skills and strategic mind-set Detail oriented with project management skills Excellent time management skills and the ability to complete multiple projects simultaneously and in a timely manner Highly proficient in Microsoft programs (Word, Excel, Outlook, Powerpoint) In-depth knowledge of loan and capital market products, i.
e.
, derivatives, prime services, fund linked products, repo and securities lending Solid diplomatic skills with the ability to resolve conflict Strong knowledge of Commercial Loan policies/procedures, underwriting analysis, credit monitoring, problem loan management, and portfolio management Strong organizational and people management skills, including the development and training of staff and the recruitment and retention of talent Strong understanding of credit, market, and industry risks Strong verbal and written communication skills Strong working knowledge of loan procedures and policies Understands pertinent regulatory issues and impact on credit risk.
Monitors compliance with bank policies/procedures and Federal/State laws and regulations Well-developed working knowledge of most commercial business segments and associated specialty lending areas Employees desiring consideration should complete an online application, utilizing the appropriate process as subscribed by the posting entity.
Employees should provide all pertinent information to support their candidacy.
To be considered eligible for internal posting, Santander employees must meet all of the following eligibility requirements:
Completion of at least one year of active service in Santander Completion of at least twelve months in current position Be in Good Standing Please click here to see the full policy - http:
//thesource.
sov.
gs.
corp/assets/Internal-Recruitment-Guidelines.
pdf At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams.
We encourage everyone to apply.
Primary Location:
Boston, Massachusetts, United StatesOther Locations:
Rhode Island-East Providence,Texas-Dallas,Massachusetts-BostonOrganization:
Santander Bank, N.
A.
.
Estimated Salary: $20 to $28 per hour based on qualifications.
S/he oversees a team of credit review officers, as well as the planning, scheduling, and execution of asset quality assessment examinations and continuous monitoring of all retail lending units within the Santander Bank, N.
A.
organization.
This includes the assessment of overall asset quality; the quantity and direction of risk; compliance with established underwriting policies, procedures, limits, concentrations, and regulations; and the assimilation of information from portfolio monitoring activity.
The incumbent assists in the development of the Annual Plan and recommends changes to the Plan based on developing risk variables.
The Director, Retail Credit Risk Review reviews written summary reports of subordinates, prepares final review reports, and has primary responsibilities for the communication of review and continuous monitoring findings to line and senior management.
S/he is an industry expert with specialized knowledge of retail lending, including best practices for credit risk management and third line of defense assessment of new and emerging lending channels.
Responsibilities:
Assists with the development of the Annual Plan and special projects; and represent Credit Risk Review in various company projects.
Attends approval committees and participate in watch reviews, promontorios, HLT and other credit events.
Communicates verbally and non-verbally in an open and effective manner appropriate to the situation and the individual.
Completes Continuous Monitoring summaries of portfolios as assigned.
Ensures group results are effectively communicated to relevant stakeholders through management presentations and reports.
Manages a team of credit review officers so as to effectively carry out the timely execution of the examination schedule, including participation in sampling activity, reviewing summary reports.
Monitors / tests the accuracy of assigned credit risk ratings, through onsite and offsite reviews.
Potential to assist with onsite and offsite reviews as needed.
Prepares final review summary report, including synthesis of individual file review results, overall segment review findings, and determination of overall assessment scores.
Reviews analytics, continuous monitoring MIS reports and other presentations to stay abreast and ahead of the quantity, trend and direction of risk in the assigned commercial portfolios.
Requirements:
Bachelor's Degree; in Accounting, Finance, Economics, IT or equivalent field.
Master's Degree; in Accounting, Finance, Economics, IT or equivalent field.
,or equivalent work experience.
9-12 years' experience Banking experience Finance (e.
g.
CFA) certifications desired.
Ability to accept accountability, assume leadership and demonstrate initiative Ability to handle a significant and diverse workload Ability to work independently with limited supervision Analytical and problem solving skills Demonstrates strong credit analytical skills and strategic mind-set Detail oriented with project management skills Excellent time management skills and the ability to complete multiple projects simultaneously and in a timely manner Highly proficient in Microsoft programs (Word, Excel, Outlook, Powerpoint) In-depth knowledge of loan and capital market products, i.
e.
, derivatives, prime services, fund linked products, repo and securities lending Solid diplomatic skills with the ability to resolve conflict Strong knowledge of Commercial Loan policies/procedures, underwriting analysis, credit monitoring, problem loan management, and portfolio management Strong organizational and people management skills, including the development and training of staff and the recruitment and retention of talent Strong understanding of credit, market, and industry risks Strong verbal and written communication skills Strong working knowledge of loan procedures and policies Understands pertinent regulatory issues and impact on credit risk.
Monitors compliance with bank policies/procedures and Federal/State laws and regulations Well-developed working knowledge of most commercial business segments and associated specialty lending areas Employees desiring consideration should complete an online application, utilizing the appropriate process as subscribed by the posting entity.
Employees should provide all pertinent information to support their candidacy.
To be considered eligible for internal posting, Santander employees must meet all of the following eligibility requirements:
Completion of at least one year of active service in Santander Completion of at least twelve months in current position Be in Good Standing Please click here to see the full policy - http:
//thesource.
sov.
gs.
corp/assets/Internal-Recruitment-Guidelines.
pdf At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams.
We encourage everyone to apply.
Primary Location:
Boston, Massachusetts, United StatesOther Locations:
Rhode Island-East Providence,Texas-Dallas,Massachusetts-BostonOrganization:
Santander Bank, N.
A.
.
Estimated Salary: $20 to $28 per hour based on qualifications.
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